Japan

Market Abuse

Japan SESC Seeks Penalty Order Against UK High Speed Trader

By Editors | 23/06/2022

Atlantic Trading London engaged in a series of manipulative derivative transactions in early 2020, the SESC said.

Clearing & Post-Trade

Japan to Finalise New Derivatives Reporting Regime Soon

By Manesh Samtani | 17/06/2022

The new regime will increase the reportable data elements, the number of reporting entities, and make event-based reporting to a trade repository mandatory.

Structural Regulation

Japanese Tax System Derailing Tokyo Hub Ambitions: Report

By Sanday Chongo Kabange | 16/06/2022

The plan to reform the tax system to attract hedge funds to Tokyo has resulted in “preferential treatment no one would use.”

Cloud & Infrastructure

Japan, Singapore to Explore Mutual Recognition of Digital Identity

By Editors | 14/06/2022

Mutual recognition of digital identity credentials is part of an agreement to cooperate on the digital transformation of government services.

Structural Regulation

UK, Japan Formalise Arrangements on Regulatory Cooperation

By Editors | 13/06/2022

UK and Japan participants agreed to establish an innovation working group to provide a space for collaboration on payments, cryptoassets and financial innovation.

Anti-Money Laundering

Japan Ministry Seeks Powers to Confiscate Crypto Assets

By Editors | 12/06/2022

Japan’s organised crime law currently only allows seizures of real property, movable assets and monetary claims, but not crypto assets.

Structural Regulation

Japan FSA Calls on Market to Complete LIBOR Transition Efforts

By Manesh Samtani | 09/06/2022

Only a small number of JPY LIBOR contracts remain that still need to complete the transition, but USD LIBOR rates are “still widely used” by Japanese FIs and corporates.

Supervision & Enforcement

OJK Indonesia to Enhance Regulatory Cooperation with APRA, FSA

By Editors | 08/06/2022

The APRA MoU is focused on banking and insurance supervision. The FSA agreement focuses on digital innovation in the financial services sector.

Stablecoins

Japan Approves Law Clarifying Legal Status of Stablecoins

By Manesh Samtani | 05/06/2022

Under the revision bill, only licensed banks, trust companies, and registered money transfer agents will be able to issue stablecoins.